©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
AIS Final Exam vibez Questions 100%
Solved
What does ERP Stand for?
What is ERP? - answer✔- Enterprise Resource Planning
- a type of software that organizations use to manage day-to-day business activities such as
accounting, procurement, project management, risk management and compliance, and supply
chain operations
2 Key Advantages of using an ERP (computerized system instead of paper-based) - answer✔1.
Improved efficiency: journal entries are automatically recorded due to the use of real-time
information; reduction in the time needed to process data
2. Controls are built-in to the system to ensure the accuracy of data and reduce errors
What are the 2 ways to modify an ERP system? - answer✔1. ERP Customization
2. ERP Configuration
ERP Customization:
What is it?
, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
How do you do it? - answer✔- Modification/personalization of the software to meet the needs of
the company.
- Requires customized coding to change the features or functionality of the ERP system
ERP Configuration:
What is it?
Examples? - answer✔- Deciding on the ERP *options or settings* that best fit your business
(optimizing system *components* to meet specific business needs)
- Examples of various configurations include: business units, users roles, chart of accounts, etc
What are system implementers doing for:
a) ERP Customization
b) ERP Configuration - answer✔a) Changing the software itself
b) Merely selecting different options
Affect of upgrades when an ERP system has been:
a) Customized
b) Configured - answer✔a) may have problems with upgrades
b) shouldn't be affected by upgrades
In sage, did we do customization, configuration, or both? - answer✔Configuration only!
, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
What are the 3 types of data? List and describe. - answer✔1. Control or configuration data:
system and technical functions of the system itself (i.e., the code itself).
2. Master data: "above the line"; the critical business information that supports and classifies the
transactional and analytical data of an enterprise
3. Transaction data: "below the line"; is a business event or transaction that is the result of a
business process
When in sage did we deal with each of the 3 types of data? - answer✔1. Control or configuration
data: NEVER! We never messed with the code
2. Master data: In part 1 - setting up the company where we entered customer, vendor, employee
data
3. Transaction data: in part 2 - when we completed transactions and events
Examples of master data? - answer✔- Customer master data: customer address, customer phone
number, person to contact, shipping methods, terms of payment, etc.
- Vendor master data: vendor address, vendor phone number, etc.
- Employee master data: pay rate. name, address, etc
**Basically all the info we entered in part 1***
a) Master data is relatively __________.
b) Once master data has been entered into the system, it can be accessed by _________.
, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
c) Master data reduces ___________. - answer✔a) stable (ex: customer address rarely changes)
b) any business process
c) human error
Example of transaction data? - answer✔- a sales order containing info about a sale
Differences between master data and transaction data - answer✔- The value of transaction data
decreases over time. The value of master data does not
- Master data remains stable, transaction data varies from event to event
What is the purpose of a business status center? - answer✔to provide managers with real-time
information
What is real-time information? What does it mean? - answer✔- information that is delivered
immediately after collection
- transaction is immediately reflected in the company's records and can be used to make business
decisions
What are the 4 benefits of real-time information? (example for each) - answer✔1. Increases
business agility and optimization (ex: changing consumer tastes)
2. Allows managers to make better decisions more quickly (ex: when to order inventory)
10/11/2024 1:41 PM
AIS Final Exam vibez Questions 100%
Solved
What does ERP Stand for?
What is ERP? - answer✔- Enterprise Resource Planning
- a type of software that organizations use to manage day-to-day business activities such as
accounting, procurement, project management, risk management and compliance, and supply
chain operations
2 Key Advantages of using an ERP (computerized system instead of paper-based) - answer✔1.
Improved efficiency: journal entries are automatically recorded due to the use of real-time
information; reduction in the time needed to process data
2. Controls are built-in to the system to ensure the accuracy of data and reduce errors
What are the 2 ways to modify an ERP system? - answer✔1. ERP Customization
2. ERP Configuration
ERP Customization:
What is it?
, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
How do you do it? - answer✔- Modification/personalization of the software to meet the needs of
the company.
- Requires customized coding to change the features or functionality of the ERP system
ERP Configuration:
What is it?
Examples? - answer✔- Deciding on the ERP *options or settings* that best fit your business
(optimizing system *components* to meet specific business needs)
- Examples of various configurations include: business units, users roles, chart of accounts, etc
What are system implementers doing for:
a) ERP Customization
b) ERP Configuration - answer✔a) Changing the software itself
b) Merely selecting different options
Affect of upgrades when an ERP system has been:
a) Customized
b) Configured - answer✔a) may have problems with upgrades
b) shouldn't be affected by upgrades
In sage, did we do customization, configuration, or both? - answer✔Configuration only!
, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
What are the 3 types of data? List and describe. - answer✔1. Control or configuration data:
system and technical functions of the system itself (i.e., the code itself).
2. Master data: "above the line"; the critical business information that supports and classifies the
transactional and analytical data of an enterprise
3. Transaction data: "below the line"; is a business event or transaction that is the result of a
business process
When in sage did we deal with each of the 3 types of data? - answer✔1. Control or configuration
data: NEVER! We never messed with the code
2. Master data: In part 1 - setting up the company where we entered customer, vendor, employee
data
3. Transaction data: in part 2 - when we completed transactions and events
Examples of master data? - answer✔- Customer master data: customer address, customer phone
number, person to contact, shipping methods, terms of payment, etc.
- Vendor master data: vendor address, vendor phone number, etc.
- Employee master data: pay rate. name, address, etc
**Basically all the info we entered in part 1***
a) Master data is relatively __________.
b) Once master data has been entered into the system, it can be accessed by _________.
, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM
c) Master data reduces ___________. - answer✔a) stable (ex: customer address rarely changes)
b) any business process
c) human error
Example of transaction data? - answer✔- a sales order containing info about a sale
Differences between master data and transaction data - answer✔- The value of transaction data
decreases over time. The value of master data does not
- Master data remains stable, transaction data varies from event to event
What is the purpose of a business status center? - answer✔to provide managers with real-time
information
What is real-time information? What does it mean? - answer✔- information that is delivered
immediately after collection
- transaction is immediately reflected in the company's records and can be used to make business
decisions
What are the 4 benefits of real-time information? (example for each) - answer✔1. Increases
business agility and optimization (ex: changing consumer tastes)
2. Allows managers to make better decisions more quickly (ex: when to order inventory)
